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BBCNEWS World Business Report July 6, 2024

a major new service unveiled to take on the likes of netflix, disney and amazon. but will viewers stump up the cash for another subscription? let us now focus on the top money stories. we start with the cost of borrowing, because the number two at the international monetary fund has told the bbc we shouldn t bank on lower interest rates any time soon. the imf and world bank are hosting global financial leaders at their spring meeting in washington, dc. the imf s deputy managing director has been speaking to our correspondent, samira hussain. gita gopinath told samira that central banks must stay the course in fighting inflation despite the shock waves sent through the banking system by rapidly rising interest rates. it is very difficult to be fully prepared for all the consequences of the times we are in, when you come out of a pandemic and there is a war and you have this very large increase in any energy prices, many things can happen. interest rates have gone up sharply, ....

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BBCNEWS World Business Report July 6, 2024

by the effects of strikes by public sector workers. the office for national statistics said that a rise in construction activity had been offset by walkouts by teachers and civil servants. it follows a surprise 0.4% jump in economic growth injanuary which brings the uk economy, finally, to a point where it is bigger than it was pre pandemic. the value of sterling rose to its highest level since june of last year, with £1 getting you i dollar and twenty five cents. despite february s flatlining the chancellor described the outlook as brighter than expected . let s get more now with victoria scholar, head of investment at interactive investor. investor. investor. the investor. the last investor. the last few investor. the last few minutes investor. the last few minutes we investor. the last few minutes we had investor. the last few minutes we had at the in the last few minutes we had at the elite has production data from the elite has production data from the euro i ....

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BBCNEWS BBC News July 6, 2024

president biden will address the irish parliament in dublin this afternoon, as he continues his visit to the island of ireland. today, he s expected to affirm the strong ties between the republic of ireland and the united states. let s take you live to dublin where presdeint biden is due to depart for the the official residence of president higgins, his irish counterpart. he will be departing shortly to address the irish parliament, only the fourth us president to do so. our correspondent, charlotte gallagher, is in dublin. charlotte 7 charlotte? it is a real day of diplomacy and business forjoe biden. yesterday afternoon, which was more about his personal ties, he was more about his personal ties, he was in the towns of carlingford and the local pub, chatting to people who lived there, taking selfies, making a speech. at times it really looked like he was on holiday, to be honest. he said at one point, i don t know why my ancestors left here, it is such a great place ....

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BBCNEWS World Business Report July 6, 2024

civil servants. meanwhile, separate data from the bank of england shows british lenders reported a sharp increase in the rate at which households and businesses defaulted on loans such as mortgages. the chancellor said the economic outlook was still brighter than expected. let s bring in the chief economist at kpmg. the uk economy remains weaker than any other country in the g7. we still have twin drives of high inflation and rising interest rates. how resilient do the you think the uk economy is? the latest data has been think the uk economy is? the latest data has been more think the uk economy is? the latest data has been more positive - think the uk economy is? the latest data has been more positive than i data has been more positive than what we feared late last year so it seems like the overall economy is more resilient and the majority of the weakness that we saw more recently is related to strikes rather than any fundamental weakness of the economy but obvio ....

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BBCNEWS BBC News July 6, 2024

biden is continuing his official visit to the republic of ireland. he is meeting the irish president, michael d higgins at his residence. he also held talks with the irish prime minister, those are going underway right now. this afternoon, president biden will become the fourth us president tojoin president biden will become the fourth us president to join a sitting of ireland s parliament. michael d higgins and present biden side the physical book. as the irish saying goes, your feet will bring you where your heart is. and then i say, it is an honour to return. i talk about returning to the home of my ancestors, to celebrate the things that bind ireland and the united states, i think the most irish of words used in my family was dignity. anyway, thank you all very much. i m not going home, i m staying here in this incredible place. all you american reporters, it is just like the white house, right? thank you. this is the scene live. a short distance from where thos ....

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